Fines there are based on wealth and the 67-year-old is a multi-millionaire businessman.
Unsurprisingly he was not too pleased with the punishment and called it ‘unreasonable’.
‘I’d rather put that money on the elderly, health, day care or whatever,’ he said.
‘I have only myself to blame, but one can question whether it is fair.
‘There should be a ceiling, it would be more fair. Where to put it I do not know, but as it is now, it is unreasonable.’
Although the £60,000 penalty is thought to be one of the largest ever, another man in Switzerland suffered a worse fate after having to pay £180,000 for speeding through a village in his Ferrari.
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